Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC trimmed its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 37.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,611 shares of the company's stock after selling 2,170 shares during the period. Verdence Capital Advisors LLC's holdings in Airbnb were worth $475,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. CAP Partners LLC raised its position in shares of Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company's stock worth $293,000 after acquiring an additional 77 shares in the last quarter. Manchester Capital Management LLC raised its position in shares of Airbnb by 18.2% in the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock worth $69,000 after acquiring an additional 81 shares in the last quarter. Salvus Wealth Management LLC raised its position in shares of Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company's stock worth $455,000 after acquiring an additional 84 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Airbnb by 19.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company's stock worth $74,000 after acquiring an additional 94 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of Airbnb by 2.3% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company's stock worth $565,000 after acquiring an additional 95 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Remove Ads

Insiders Place Their Bets

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares of the company's stock, valued at $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total value of $98,070.00. Following the transaction, the chief technology officer now directly owns 172,819 shares of the company's stock, valued at $24,211,941.90. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,093,970 shares of company stock worth $296,365,992. 27.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ABNB shares. JMP Securities reissued a "market perform" rating on shares of Airbnb in a research report on Friday, February 14th. Barclays upped their target price on Airbnb from $110.00 to $120.00 and gave the company an "underweight" rating in a research report on Friday, February 14th. Morgan Stanley upped their target price on Airbnb from $115.00 to $125.00 and gave the company an "underweight" rating in a research report on Monday, January 13th. Hsbc Global Res raised Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group upped their target price on Airbnb from $165.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $146.48.

Airbnb Stock Performance

Shares of ABNB traded down $0.38 during mid-day trading on Friday, reaching $134.39. The company had a trading volume of 5,616,596 shares, compared to its average volume of 4,386,382. The stock has a market capitalization of $84.74 billion, a P/E ratio of 32.54, a PEG ratio of 3.52 and a beta of 1.10. The stock has a 50 day moving average of $136.94 and a two-hundred day moving average of $132.76. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Airbnb Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.